Real Estate

Road King Reaches Agreement With Lenders for 2Y Extension on Originally $367M-Equivalent Due September TL, Has Made Early Repayment on Same

Editor’s Note: This story was first published in the evening on Aug. 28 and has been republished in regular business hours to reach a wider audience. Road King Infrastructure Ltd. said during a series of investor calls held on Tuesday, Aug. 27 that the company has reached an agreement with...

Published on Aug 29, 2024

Seazen, Wanda, and Blessing in Disguise in a Real Estate Boom

In real estate, as the saying goes, it’s about location, location, location. Often, it’s also about timing, timing, timing – even if at the time, the timing looks to be all wrong. Cases in point are Seazen Group and Dalian Wanda Group, two of the few privately controlled Chinese developers...

Published on Apr 11, 2024

Sector Insights: Anywhere Real Estate, Zillow, Redfin

Credit Research: William Hong Legal Research: Lucas Ballet Companies heavily reliant on commission revenue tied to residential real estate transactions could experience a sharp reduction in revenue if ongoing litigation tied to broker commissions for buying and selling homes leads to a reduction in...

Published on Mar 21, 2024

UPDATE 1: Tear Sheet (Part II): NWD’s China Property Sales Likely to Meet FY24 CNY15B Target, But Hong Kong May Fall Short; Improved Liquidity Allows NWD to Wait for Better Asset Valuations, Monetization; Conservative Asset Estimates Imply Recoveries in 70s for Notes/Perps

UPDATE 1: 8:30 p.m. ET 11/19/2023: Relevant Documents: NWD Tearsheet – Part 1 Excel Tear Sheet   Reorg Asia Highlights: New World Development Ltd, or NWD’s China property contracted sales remains robust and on track to meeting its CNY 15 billion target for fiscal 2024. However, its...

Published on Nov 19, 2023

China Real Estate Developers 2022 Onshore Bond Extension Summary

Published on Mar 2, 2023